18 Suwannee AvePanaceaFL32346
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Panacea at 18 Suwannee Ave, Panacea, FL, 32346 offers a 8.29% rental yield on a $214,999 purchase with $1,485/mo rent. Total monthly income registers $1,485/mo, and a $1,052/mo payment leaves $59/mo available for distribution. Annual cash flow reaches $702/yr on $71,272 to close, and return on cash invested stands at 20.89% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,400 over five years. Portfolio math shows five-year ROI at 108.73% and total cumulative return in cash at $77,497. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,485/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32346, Panacea, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 727 (36.3%) |
| Renter Occupied HU | 238 (11.9%) |
| Vacant Housing Units | 1,038 (51.8%) |
| Median Home Value | $268,662 |
| Average Home Value | $367,627 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
84
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